How Do LPs Manage Their Positions to Stay “In-Range” in a Concentrated Liquidity Pool?

LPs must actively monitor the market price of the token pair. If the price approaches the edge of their specified range, they must "re-position" their liquidity by withdrawing their existing position and creating a new one with a different, active price range.

This process involves paying gas fees and can be automated using specialized rebalancing bots. Successful management requires a good market outlook to predict the likely price movement.